Strike Analytics

Dow

12 Sep 201606:09 AM

The most unusual part about the DJIA's overnight move was the rare opening gap. Why did the US market GAP down right at the start? The rise so far is 3 waves and the rising trendline is at 18000. So breaking that would be a sign of a possible end to this move. The wave B low at 17356 would be a final level to confirm that the move up is A-B-C, and the implications of that are...

dow120916

Below 17356 the entire set up is an expanded flat with wave C at larger degree pointing down to 14165.

dow120916a

Comments (0)